Profiting from the market doesn't always require buying exciting new technology stocks that are already "winners."。However, holding stocks with strong fundamentals and high yields can also generate returns。

Introduction to BP

BP is a UK-based global energy company with operations in 79 countries across Europe, North and South America, Asia, Oceania and Africa.。

The company dates back to 1908, when a group of British geologists discovered the first commercially viable oil supply in the Middle East.。The company has more than 60,000 employees and an annual income of hundreds of billions of dollars.。

Oil and gas remain the main drivers of profit levels, so share prices are closely related to the prices of these commodities。As a result, BP's stock price has experienced many ups and downs over the past few years。

When stocks are in a downturn, many investors see it as an opportunity to buy dividend-paying stocks with a strong track record。

BP Stock: The Basics

The company is mainly listed on the London Stock Exchange under the ticker symbol BP.。

In terms of business fundamentals, the company is huge and is listed as one of the seven "super giants."。Its traditional business is dominated by oil and gas, and the reduced demand for carbon sources means it has also been working with other renewable energy sources.。

Between 1988 and 2015, BP accounted for 1% of global industrial greenhouse gas emissions..53%。The change in consumer behaviour means BP has now set itself a target of cutting greenhouse gas emissions to net zero by 2050.。

By 2030, investment in renewables will be ten times greater than today, and oil production will be 60% of current levels.。

From an investor's perspective, the company aims to run the business as usual, just using different types of energy.。If the plan succeeds, the company will continue to create shareholder value through long-term growth sustainable free cash flow and distribution.。

The "distribution" to shareholders is key to BP's shareholders, and the company provides a breakdown of its dividend history since 1993 on its website.。

Steps to Buy BP Stock

Modern online brokers offer very user-friendly services。The best trading platforms are enjoyable to use and offer a wide market for clients, customer support and virtual trading accounts for novices to practice。

There are two main ways to trade BP: one is through CFDs (in the country where CFDs are offered), and the other is using a stock trading account。In fact, most brokers offer both。

CFDs have more functions than stocks。As a margin product, CFDs allow traders to sell short and use leverage, and are particularly popular with traders who use short-term strategies.。

Trading stocks on a buy-and-hold basis is simpler and there are no overnight financing fees。Those looking to hold a stock position for more than 4-6 weeks tend to turn to stock trading services。

1.Study BP Stock

Running a successful business is hard enough, but transitioning from one energy type to another carries risks。

Before you start investing in the stock, it's crucial to research how BP manages the transition。Given BP's popularity, there are many free research reports online。The company itself is another good source of material, providing a range of financial reports to the public.。

2.Find a broker

Whether you are trading with CFDs or stocks, the most important thing about choosing a broker is to use a well-regulated broker。Look for companies that are licensed to operate by a Tier 1 body such as the Financial Conduct Authority (FCA), the Australian Securities and Investments Commission (ASIC) or the Cyprus Securities and Exchange Commission (CySec) with more authority and persuasion。

3.Open an account and deposit funds

It takes a few minutes to complete the registration process。Regulated brokers must determine certain facts about your place of residence, trading experience and investment objectives。

For most brokers, this is all done online and requires uploading an ID。

Funding your account can be done in seconds。If you use a bank or credit card, the process is like shopping online。Other payment methods are also available, with some brokers specifically allowing their clients to use less common methods。

4.Set Order Type

Modern trading platforms are equipped with trade execution monitors, making the process of buying BP particularly easy。There will be various other markets on the platform, but selecting the BP option will take you to a screen where you can enter trading orders。

If you trade with CFDs, you can "sell short" and "buy" BP shares。If you choose the stock trading option, then you can only buy。

Spend more time using "stop loss orders" and take profit orders will enable you to establish some risk management in your trading. It is an automatic order to close the position when the price reaches a certain level。

5.Select and Buy BP Stock

Different brokers have different names for this button and you will see the mention of "open trade" or "place an order"。Clicking this button will deduct cash from your account and credit the BP you hold。

Since your BP position is now "in effect," you will be able to monitor its performance by accessing the "Portfolio" section of your account。Here you will learn about real-time profit / loss and see the tools you need to manually close a position。

Finding the right broker for you may be the most important part of the process. Although most brokers in the market today buy BP shares, not all offer the same conditions。

Best Broker to Buy BP Stock

eToro: 68% of retail CFD accounts lose money
IG: Negative Balance Protection
Plus500: CFDs provider, 79% of retail investor accounts lose money when trading CFDs with this provider

If you are going to buy BP shares, you need to use a broker that is regulated by the FCA, has low trading commissions and a reliable trading platform。The good news for traders is that the competition between brokers is fierce, which is reflected in reducing costs and fees and improving service levels。

In addition, the demo account is suitable for anyone's trading exploration。

Fees for BP Stock Purchase

Price changes may immediately make or lose money, and it is also important to monitor management costs。In particular, the cost of overnight financing, which is incurred on a daily basis, may erode CFD profits if the position is held for a long time.。

Buying stocks outright can avoid overnight financing fees and to some extent help you decide to trade with CFDs or stocks。

	eToro	Plus500	Markets.com
Inactivity fee	$10 per month (after 12 months)	$10 per month (after 3 months)	$10 per month (after 3 months)
Foreign exchange	For non-base currency transactions	For non-base currency transactions	For non-base currency transactions
Withdrawal of funds	5美元	Applicable to partial payment methods	5-100 USD
Trading Commission	Included in the spread	Included in the spread	Included in the spread
Overnight financing	Yes (CFD)	Yes (CFD)	Yes (CFD)